Timely petroleum, renewable fuels, railcar, and storage intelligence from the PFL team.
“You can’t go back and change the beginning, but you can start where you are and change the ending.” – C.S. Lewis Jobs Update Stocks closed lower on Friday of last week, but higher week over week Wall Street continues to be in holiday mode as investors face another holiday-shortened week of sparse economic data […]
Oil prices rose on Friday, with Brent crude settling at $74.17 per barrel, up $0.91 or 1.2%, and U.S. West Texas Intermediate (WTI) closing at $70.60 per barrel, gaining $0.98 or 1.4%. The gains were supported by a larger-than-expected drawdown in U.S. crude inventories, which fell by 4.2 million barrels for the week ending December […]
Oil prices dipped slightly on Thursday amid thin holiday trading, as a stronger U.S. dollar countered optimism over China’s fiscal stimulus plans. Brent crude fell 0.43% to $73.26 a barrel, while U.S. West Texas Intermediate dropped 0.68% to $69.62. China plans to issue 3 trillion yuan ($411 billion) in special treasury bonds next year to […]
Oil prices rose on Tuesday, rebounding from Monday’s losses amid a brighter short-term market outlook and thinning holiday trade. Brent crude climbed 88 cents (1.2%) to $73.51 a barrel, while WTI increased 91 cents (1.3%) to $70.15. Analysts attributed the gains to expectations of steady prices during the holiday season and potential supply disruptions leading […]
Oil prices dipped on Monday in light holiday trade amid concerns over a potential supply surplus in 2024 and a strengthening dollar. Brent crude fell 31 cents (0.43%) to $72.63 a barrel, while WTI dropped 22 cents (0.32%) to $69.24. Last week, Brent and WTI lost 2.1% and 2.6%, respectively, as the Federal Reserve signaled […]
“A wise man can learn more from a foolish question than a fool can learn from a wise answer.”– Bruce Lee On Mobile? Click here to download the PDF
“A wise man can learn more from a foolish question than a fool can learn from a wise answer.” – Bruce Lee Jobs Update Stocks closed higher on Friday of last week, but lower week over week Wall Street suffered its worst weekly loss in just over a month on Friday as market participants received […]
Oil prices held steady on Friday, with Brent crude rising 6 cents (0.08%) to $72.94 per barrel, and WTI gaining 8 cents (0.12%) to $69.46. Both benchmarks finished the week down about 2.5%. Cooling U.S. inflation supported expectations for rate cuts, weakening the dollar and boosting oil demand prospects. However, concerns lingered about China’s weakening […]
Oil prices dropped on Thursday, with Brent crude falling 51 cents (0.7%) to close at $72.88 a barrel, while U.S. West Texas Intermediate (WTI) for January delivery declined 67 cents (1%) to $69.91 before expiration. The February WTI contract, which saw more activity, settled 64 cents lower at $69.38. The decline followed cautious remarks from […]
Oil prices rose modestly on Wednesday following a drop in U.S. crude inventories and an expected interest rate cut by the Federal Reserve. Brent crude closed up 20 cents (0.27%) at $73.39 a barrel, while U.S. West Texas Intermediate (WTI) gained 50 cents (0.71%) to settle at $70.58. However, both benchmarks retreated from session highs, […]